Another Busy-ish Week for Hong Kong IPOs

By WSJ Staff

Reuters

Last week saw a handful of Hong Kong and Chinese companies move forward with their initial public offering plans. There is more action this week as at least three firms launch roadshows and start taking orders, with much bigger deal sizes too.

On Monday, Dow Jones Newswires reports that Future Land Development Holdings Ltd, a Shanghai-based property developer, started taking orders for its up to $328 million IPO, securing $80 million of cornerstone investment from Hong Kong and Chinese funds.

Shanghai-listed Zhengzhou Coal Mining Machinery Group Co. is likely to kick off its roadshow on Wednesday for its $500 million IPO. It started premarketing for that deal back in September.

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